Notification That Quarterly Report Will Be Submitted Late
Date : 05/16/2016 @ 10:45PM
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
Yes
Our net loss was approximately $1.3 million during the three months ended March 31, 2016 versus a net loss of $296,858 for the three months ended March 31, 2015. For the nine months ended March 31, 2016, our net loss was approximately $3.1 million, compared to $1,340,317 for the same period in the prior year. The increase in net loss resulted from lower revenues, gross margin percentage and increased selling, general and administrative expenses, as well as increased other expenses.
